E*Trade's Trading Volume Jumps

November retail trading volumes showed solid growth at E*Trade, aided by the GM IPO.
By Laurie Kulikowski ,

NEW YORK (

TheStreet

) -- Retail trading at

E*Trade Financial

(ETFC) - Get Report

rose 9% in November, the company said Wednesday.

E*Trade's daily average revenue trades, or DARTs, totaled 158,770, a sequential increase of 9% and a year-over-year increase of 4%, the company said in a

Securities and Exchange Commission

filing.

The monthly DART metrics were released one week early since E*Trade CEO Steven Freiberg is presenting Wednesday afternoon at the Goldman Sachs U.S. Financial Services Conference.

E*Trade's normal monthly activity report, which includes loan performance data for the month will be released on December 15, it said.

Retail trading volumes have seen a pick up at E*Trade and its rivals

TD Ameritrade

(AMTD) - Get Report

and

Charles Schwab

(SCHW) - Get Report

in the last few months, however volumes have still been below last year, given the volatile markets.

E*Trade's year over year pick up could mean that the retail investor is finally engaging in the markets again. More likely though, the initial public offering of

General Motors

(GM) - Get Report

was a big contributor to the positive November volumes.

Retail investors clamored to buy shares of the GM IPO

, the largest in U.S. history raising $23 billion.

E*Trade shares were rising 0.9% to $15.71.

-- Written by Laurie Kulikowski in New York.

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Laurie Kulikowski

.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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